Solana price trades sideways as triangle apex narrows and breakout cues remain absent
Solana trades sideways beneath triangle resistance as volatility compresses below $156
Solana (SOL) is trading near $150.51 as of July 4, 2025, with price action compressing at the apex of a long-standing symmetrical triangle on the daily chart. Despite maintaining structural integrity above key support, SOL remains capped below major resistance levels, and momentum continues to fade across multiple timeframes.
Highlights
- Solana trades at $150.51, stuck within symmetrical triangle pattern as volatility narrows
- EMA cluster between $148.61 and $150.99 caps price on 4H chart, limiting breakout attempts
- Derivatives data reflects low conviction, with neutral long/short ratio and falling open interest
Compression continues below resistance
SOL is repeatedly rejecting from the triangle’s descending trendline that extends from March. On the 4-hour chart, resistance is compounded by the 100 EMA at $150.99 and 200 EMA at $148.61. The Bollinger Bands are narrowing, and the upper band near $155.72 remains untested. Until SOL posts a decisive close above the $153–$156 region, short-term upside is likely to stay restricted.
SOL price forecast (Source: TradingView)
Technical indicators show a stalled trend. RSI on the 30-minute chart reads 44.91, and MACD continues to trend negatively. The daily Bollinger Band Pressure index is near neutral, suggesting that volatility remains compressed within the triangle structure.
Market sentiment remains cautious
Derivatives data from July 4 reveals indecision among traders. Perpetual funding rates on SOL are marginally positive at +0.0040%, but open interest has declined to 1.99%. Daily volume has also dropped 15% to $12.7 billion. Options flow surged 44.69%, though the long/short ratio sits near parity at 0.95. Top trader sentiment on Binance and OKX leans slightly long but lacks clear conviction, supporting the current range-bound narrative.
Unless Solana breaks out from its tightening structure, short-term positions remain vulnerable to whipsaw movement, particularly around resistance.
In our earlier update, we highlighted Solana’s price compression between key levels of $147 and $156, with a breakout awaited. That view remains unchanged as the Solana price today trades near $150, forming a tight, symmetrical triangle. The newly launched U.S. staking ETF and institutional inflows continue to add bullish tailwinds, but only a clear move above $156 or below $147 will confirm the next direction.
